Posted on: October 1, 2025
Why Reviewing Your Protection Matters — Especially When Life Changes
We often speak with clients who’ve taken the time to secure protection policies — whether that’s life insurance, income protection, or critical illness cover. But here’s the truth: protection isn’t a “set it and forget it” decision. Just like your mortgage, your protection needs to evolve with your life.
🔄 Life Changes — So Should Your Protection
Whether it’s a new job, a growing family, or an increased mortgage, your financial landscape shifts over time. If your protection doesn’t keep pace, you could be left exposed when it matters most.
Here are key moments when a review is essential:
- Change in Income or Employment
A promotion, redundancy, or career change can affect how much cover you need — and what you can afford. Income protection should reflect your current earnings, not your salary from five years ago.
- Mortgage Adjustments
If you’ve increased your borrowing or extended your term, your life cover may no longer be sufficient to clear the debt. That gap could leave your loved ones vulnerable.
- Family Milestones
Marriage, children, or caring for elderly relatives all bring new responsibilities. Your protection should reflect the people who rely on you.
- Health and Lifestyle Changes
Quitting smoking, improving your health, or even moving to a safer job could mean lower premiums — but only if your policy is updated.
🛡️ Protection Is About Peace of Mind
The goal of protection isn’t just to tick a box — it’s to ensure that if the unexpected happens, you and your family’s financial future is secure. A regular review helps you:
- Avoid underinsurance or overpaying
- Ensure policies align with your current mortgage and lifestyle
- Take advantage of better rates or new products
- Feel confident that your loved ones are covered
📅 When Should You Review?
At minimum, aim to review your protection alongside your mortgage. But also consider a check-in whenever:
- Your income changes significantly
- You experience a major life event (marriage, birth, divorce)
- Your health or lifestyle improves
- Or just to make sure your cover is up to date
🤝 Let’s Make It Easy
As your advisor, we are here to help you navigate these reviews with clarity and care. We’ll look at your current policies, assess any gaps, and explore options that suit your budget and goals.
Protection isn’t just about policies — it’s about people. Let’s make sure yours is working for you.
We hope this article helps you understand how you can protect your finances in the event of changes. If you have any more questions or need further assistance, feel free to get in touch.
Craig Power craig.power@villagefs.co.uk or Luke.spires@villagefs.co.uk.
The information contained within was correct at the time of publication but is subject to change. 01.10.2025
